$PENGU /USDT – Is a Bounce Back Imminent After a Sharp Decline? 📉➡️📈
Entry Zone: $0.03070 - $0.03100
Targets:
1. $0.03150
2. $0.03220
3. $0.03300
Stop Loss: $0.03050
Market Highlights
$PENGU /USDT is currently down by -8.95%, trading near its 24h low of $0.03068. However, this level aligns with critical support zones, presenting a potential reversal opportunity:
MA(7): $0.03130, acting as immediate resistance.
MA(25): $0.03211, marking a medium-term target.
MA(99): $0.03253, indicating a key long-term resistance.
With decreasing selling pressure and a potential consolidation phase, $PENGU could rally if it breaks above $0.03150 with strong volume.
Pro Tip: Watch for bullish candlestick patterns near the support zone before entering. Gradually secure profits at each target level and adjust stop losses to minimize risks.